Steps to Utilize Funds in the Electronic Cash Ledger
06/03/2025 Financial & Legal Services
Price: 122004.00 ₹
Description
Once you have deposited funds into your electronic cash ledger, here’s how you can use them to pay your GST liabilities:
Create Challan: On the GST portal, select the ‘Create Challan’ option and choose the relevant tax type (CGST, SGST, IGST).
Choose Payment Mode: You can make the payment using net banking, credit/debit card, NEFT, or other methods available.
Deposit Funds in the Correct Tax Category: Ensure the funds are deposited into the right tax category (CGST, SGST, IGST).
Use Balance for Payments: While filing returns like GSTR-3B, use the electronic cash ledger in GST balance by selecting it during payment.
Verify Payment Deduction: Check the ‘Electronic Cash Ledger’ tab to confirm the payment deduction has been made properly.
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